Bitcoins have received a phenomenal amount of coverage and attention in recent months, but many still don’t know what the currency actual is, or how it works.

This short animated video from Duncan Elms makes cyptocurrency less cryptic, showing you how many bitcoins have been discovered, how many remain buried in computers and how it all works:

John Pring

John Pring is the Managing Editor of Visual Broadcast and an experienced data visualisation and infographic specialist. His main interests include literature, football, art & design, infographics and visual storytelling, and you can find him on Twitter @designbysoap